| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | Chennai, Tamil Nadu 1912 [1] |
| Founder | S. Rm. M. Annamalai Chettiar |
| Headquarters | Anna Salai, Chennai, Tamil Nadu |
Key people | Dr. Muthiah Ramaswamy (Chairman) |
| Products | Cement Infrastructure Logistics Power generation Agriculture Education |
| Website | www |
Chettinad Group is an Indian business conglomerate headquartered in Chennai. It was founded as the Annaamalai Chettiar Group by Annamalai Chettiar. [2] [3] [4] [5] [6]
The Chettinad Group was founded in January 1912 by Dr. Raja Sir Annamalai Chettiar, who was part of the Chettiar community in Tamil Nadu. [7] In July 1962, the Chettinad Group expanded into the cement sector and launched Chettinad Cement. [8] In December 1984, after the death of M.A.M. Muthiah Chettiar, leadership passed to his nephew, M.A.M. Ramaswamy, who became the group's head. [9]
March 2011, Ennore Port (now Kamarajar Port) entered into a license agreement with Chettinad Group through a special purpose vehicle, Chettinad International Coal Terminal, for a build-operate-transfer (BOT) scheme. [10]
From January 2012 to 2013 Chettinad Cement Corporation partnered with its associate company, Chettinad Power Corporation, to fund a massive supercritical thermal power project in Tamil Nadu. Chettinad Cement invested around ₹1,300 crore in equity, forming one of the group’s largest intra-group partnerships to strengthen its position in the power sector. [11]
In 2013 Chettinad Group partnered with private firms such as Breeze Enterprises, Mintra, Trans Earth Logistics, and Fossil Logistics, for logistics and coal movement. [10]
In 2020 November JSW Infrastructure acquired Chettinad Group’s port assets in 2020, signaling a major partnership and asset transfer in the Indian infrastructure sector. [12]
In August 2015, the Income Tax Department conducted extensive raids on properties linked to the Chettinad Group, reportedly uncovering unaccounted income of over ₹300 crore, which included large caches of cash and jewellery. These raids were part of a larger crackdown on alleged financial irregularities within the group. [13]
In July 2024, the Enforcement Directorate provisionally attached immovable properties worth over ₹298 crore belonging to South India Corporation Pvt Ltd, a Chettinad Group company, under the Prevention of Money Laundering Ac t. This action stemmed from an investigation based on a Directorate of Vigilance and Anti-Corruption FIR against former officials of the Tamil Nadu Generation and Distribution Corporation and SICPL. [14] The probe found that a coal handling contract originally awarded for five months in 2001 continued for 19 years following repeated court injunctions, reportedly resulting in a loss of approximately ₹908 crore to TANGEDCO and a corresponding gain to SICPL. [15]
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